National Republican., 1887-08-19
THE BULLS DISAPPOINTED.
Secretary Faircbiid Didn't Buy Bonds
Enough TO Suit Them.


NEW YORK, Aug. 1s.--The general dlsap-
pointment among the bulls at the small
amount Of bonds purchased by the Secretary
OF the treasury yesterday caused o disposition
TO sell to-day, which was taken advantage
Of by the bears to hammer certain stocks,
and the market for the day was weak.
though dull. There was no special news OF
Importance to affect values, aud the deal
ings were almost entirely professional. The
arbitrage brokers were sellers, as were also
the bear cliques, while the buying was
scattering and principally by the sellers
upon Yesterdays rise.
The limited character Of the operations
rendered the fluctuations in the general
list Of little importance, but everything was
heavy except Western Union, which was
remarkably we'll held and stands alone
among the active stocks IN showing slight
advance this evening. The opening was
somewhat more animated than yesterday,
but was weak at declines which extended
TO per cent.
The market was heavy, but no special
progress was made In the downward direc-
tion, except In Pacific Mail, which suddenly
broke II per cent, until toward noon, when
Missouri Pacific, New England, and some
Of the specialtes joined the flrst-named
stock In the Decline the market at the time
displaying more animation than at any
other time during the day. Tho market
| then became almost stagnant, with ex
tremely narrow fluctuations, and finally
closed dull and heavy at slight fractions
better than the lowest figures OF the day.
Money on call has been easy, rang
| ing from to 0, laet loan at 5, and closing
| offered at A.. Sterling exchangeis dull and
| steady. Actual business at 4S02 to 4Sl for
60 day bills, and 4s3 to 4s3l for demand
| Posted rates 4S2 to 4S5. Government
Il honda hava ba dttl1 but hapyv N waak
State bonds have been neglected.
Treasury baiances-Coin, S134,6l6,362,
currency, $13,8i3,2Os.
The following were tho closing bid quota
tions;
q, l2ssS; ~ coup, 1857; Pac. es of,95, i22
a Ps cons So IT, SSGs @o es iP Of 49, iOo CON Con-
g, 1928; DO. a, o.; Tenn. settlement 6s, Jog
do. 5s, 100; Va. 6s,, iS; do, consols, X n
ss 49, , Tenn Den1 sS!.s%YRs saS f. g. s s 81 Gfp rfS
and T, w; Northern Pac. frs.s, Il5H; DO
seconds, 1851 Northwestern cons, 1879; do
debenlure, .los; 81, L. and san Fran IL; >,
Jig; Southern Pac; ilrsts. ll2YT. T.. r. g. ant
g, ~; Union Pac. frsts, il5; West Shore y
w; Adams Express, 1is; Alton @ and 7. q
Line pfd, os; B; g: and +. ~. 40; Ca1edI na,
Southern, 65; Canton, $50; Gen. Pac., 37M
Ches. and Ohio, Q; Chicago and - Alton, IA
SS sna sna P1s col 5p Con aSS Coal a be SISs ss
Hud., iOiI; del. and L., 1905; Denv: and R. 9
2114; Erie, 81; do. pfd, 6glS; Fort Wayne, l5C
1ls1a; Kaps and Texas, 27}2ss; L. Y. and W., ls..
Manhat n and Con Coz, liz; N. and Char: &
Met. T., 156k: Mich. Cen, s514; Mo. Pac
e77ss; Mob. and o.. 1s; Mar: and E.,, 1872
Western pfd., a; Northern Pac., 2s do. pfd
65L;. Northwestern, 1l5h; do. pid. lib; !
Y Gen., 10ss4; Chicago and st. L., 1SlE; d
pfd., 80: Ohio and Miss, 90; do. pfd., 8
oregon Nav, gi1a; Pao. Mail. 89I{;. Pitt
. Ales, io Richmond and Dan, iSo; Roo
7i2z do. first pfd., 1l2; St. Paul, s233s do. pit
12O; St.. ?. and O., 4s; do. .pfd., llill Tex
Pac.. 2sh; Union Pac., Sc; Us. X: o.; Wa
, West. Union, 78tS; Tenn. Coal and Iron, 80,
Cotton Oil Trust, 32SSS; Quicksilver, 515; d
) pfd., 2S.
TAsked.